Hopefully a sustained alt rally off some btc stability here
This is one of the toughest areas to trade in my opinion. Large moves up and down can wipe out a portfolio quickly with fomo and panic selling. Technically there are some signs we are due a move up here with Btc but the geopolitical climate, world recession and energy crisis are just a few of the things playing into Macrofactors. Very complex backdrop here. Will trust the technical indicators and see how we go. As all fiat currencies face huge devaluations I believe there has to be a steady flow of hodlers coming into Btc at excellent value
We're moonin x
Looks like a move for btc to 26k region at least. Let's ride this for a while in the altcoins that will hopefully outperform considerably.
Current momentum looks up with Btc- maybe to 23.5k region then I'd expect another leg down. I'd hope alts can rally off a small Btc pump.
Hopefully an imminent Luna move here
A break of 45k dollars would be incredibly bullish for Btc here. Looks like we're headed there soon.
Looks like we have broken the 40k resistance region easily here - could be the beginning of a Btc run. Bitcoin dominance is building.
Unstable geopolitical situation sending financial markets tumbling, this is having an impact on the crypto markets. Store of value asset- gold has broken upwards out of a long term consolidation period (years), but it tends to be a slow mover. Question of whether bitcoin will be categorised in the same asset class as gold in regards to its store of value nature. If so it could see gains. Bitcoin dominance seems to have triple diverged suggesting a bottom to alts. This may either mean we have seen the bottom for btc to alts and a move upwards for btc, or alts are about to perform very poorly. What happens next largely depends on global events.
Atom looking strong here in bearish market conditions. Let’s see if it can push past the previous atom/bitcoin previous all time high. The trading volumes looks positive.